As hosts for this year's APEC summit, Danang has thrust itself to the center of the world stage. With 21 member countries participating in predominantly trade discussions the benefits to Danang are enormous. The most tangible is 'Danang brand' that will be recognized globally, accelerating already strong tourism growth. The benefits of warm climate, golden beaches and rich culture, have made Danang hotels and resorts highly compelling tourism destinations.

Danang is already prosperous, 1H/2017 GDP has increased 8.1% year on year (YoY). Registered FDI increased YoY by a stunning 269.5% with approximately $14.3 million disbursed. City credit growth in 1H/2017 reached a six year high of 7.5 percent. The hospitality boom continues as more international and domestic flights are added and major hospitality brands jostle to enter.

Tourism is the driving force of the city and in 1H/2017, visitor numbers increased by 72.2% to over 1.2 million, with total Viet Nam visitor numbers up by approximately 33.2% YoY to 3.2 million. The opening in time for APEC of infrastructure projects such as the airport expansion and Dien Bien Phu tunnel are examples of pulling forward infrastructure that will service future growth. Rapid expansion of Resort projects along the entire coast now gives Danang truly world class capacity to service particularly the proximate northern Asian markets.

To the south the recently completed Hoi An bridge now permits expansion further and with the US$4B casino, golf and entertainment complex at Hoiana well underway, then even more drawcards are offered. The golf coast continues to grow in popularity with the existing four courses already well patronized.

Savills plc published this content on 20 November 2017 and is solely responsible for the information contained herein.
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